Fino Payments Bank Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure concerns the receipt of approval from the Reserve Bank of India (RBI) for the appointment of a Managing Director & Chief Executive Officer (MD & CEO).

Key Details of the Approval:

  • The Bank had submitted an application to the RBI for the appointment of an MD & CEO.
  • The RBI, via a letter dated November 12, 2026, has approved the appointment of Mr. Pratap Singh to the role.
  • The approval is for a period of three years.
  • The term is effective from November 27, 2026, or the date Mr. Singh takes over charge, whichever is earlier.

Next Steps and Conditions:

  • The Board of Directors of the Bank will now take the necessary steps to formalize the appointment.
  • This appointment will be subject to the approval of the shareholders of the Bank.
  • The Bank will make a further intimation to the stock exchanges once Mr. Pratap Singh formally takes charge as MD & CEO.

Independence Declaration:

  • The disclosure explicitly states that Mr. Pratap Singh is not related to any of the current Directors or Key Managerial Personnel of the Bank.

Executive Profile:

A brief profile of Mr. Pratap Singh was enclosed as Annexure-A with the disclosure.

  • Education: He holds an MBA in Marketing from the Maastricht School of Management and a Bachelor of Science in Botany from Delhi University.
  • Experience: He is a senior banking leader with over 29 years of experience across India and the UK.
  • Expertise: His career spans retail banking, SME banking, liabilities, digital transformation, branch-led profitability, and operating model redesign.
  • Previous Associations: He has been associated with ICICI Bank India, ICICI Bank UK, and SBI UK.
  • Most Recent Role: At ICICI Bank UK, he served as Head of Retail & SME Banking (UK & Europe), where he led a transformation of the franchise.
  • Key Skills: He brings experience in liability franchise building, SME banking, branch productivity, turnaround execution, and digital transformation.

Availability of Disclosure:

This disclosure is also available on the Bank's website at www.fino.bank.in.